Wonderful development! Now for sure REDTone will become Berjaya subsidiary, once GO over, the next action, merger with U-Mobile, and more......the show is ON, cheers.
With Berjaya controls more than 50%, DYMM 20%, Dato' Wei about 4.5% and other management personels, added up all might come to 80%!!! Wow, this is definitely wonderful, reminds me about the story of HLCAP, hahaha.... dream a bit, who knows.
I suspect the buyer in market is Berjaya itself, easily around 1.0M shares. If that the case, very soon announcement will be made that the GO is unconditional. Bull is charging for this counter. Cheers.
I wonder if any sifu want to offer their explanation but my layman understanding is :-
Conditional offer is an offer subject to certain conditions.
One of the condition is that the offeror ( BJ ) receives sufficient acceptance to the offer to allow them to have more than 50% shares. If this condition cannot be met, then BJ will return back the shares to the respective share holders.
Unconditional offer is an offer not subjected to any conditions. Once the offeror ( BJ ) obtained more than 50% shares, than the offer becomes unconditional. Ie they will have to honor the transaction will anyone accepts the offer.
All the things have no binding on the minority share holders. It's totally up to them to accept or reject the offer.
Very unlikely that BJ will increase the offer price because they are almost or probably already achieve the target of 50%. But in the market they will people waiting to play up the price once this target is hit.
Not 50.0%, but more than 52%, good! By 22 May, 55%. Less share in market, easier to push higher and higher after that. More corporate news will be announced by then.......Cheers for those who hold the shares for long term.
Now REDTone is a subsidiary of BJCORP, the bottom line of REDTone will be reflected in Berjaya's book, so next will be corporate actions that will be creating value and increase the profits of REDTone, or M&A (like merger with U-Mobile) that has to be positive in nature, can expect the share price to move higher & higher.
Right after the offer becomes unconditional, coming up there will be some sales as some employees will exercise their ESOS and sell the shares to the market to cash out.
Those who exercised the ESOS, accept the GO lah, don't just Q at 80.5 & 81.0 trying to get that little extra, you have earn enough. Don't block the price from going up!
pang72: you have better dream than me, a TP of RM2.00. Well, for me, initial TP1.00, but after reading Kenanga's report, which says their FY16 earning is expected to touch RM40.00mil, which is double, this is a significant jump, surely BJ and VT anticipated about this, that's why they make REDTone as a subsidiary by holding more than 52% now, and still hungry for more shares. I set my new TP RM1.50, of course if they turn it to be another DIGI, it is even more wonderful. Cheers.
Kenanga may base on known factor to calculate the forward TP of rm1.50. The interesting part is what we dun know even though Kenanga. So rm1.50 + TP of what we dun know= rm2.00 or more
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Sebastian Sted Power
3,429 posts
Posted by Sebastian Sted Power > 2015-05-07 05:28 | Report Abuse
http://www.thestar.com.my/Business/Business-News/2015/05/06/BCorp-offer-for-Redtone-gets-tepid-response/?style=biz